document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=256761>Question 256761</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Assume that on January 1st of this year you deposited $1,000 into a savings account that pays 8% interest.  If the bank compounds interest annually, how much will you have in your account on January 1, 2012? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #188882 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=188882\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1,000(1+.08)^2<BR>\n" );
document.write( "1,000*1.08^2<BR>\n" );
document.write( "1,000*1.1664=$1,166.40 ans. </SPAN>\n" );
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